buying GLD 136 puts at .59-.63 and shorting GLD 140 weekly calls at .85-.78 both OVERSIZED next weeks calls. Multiday negatives cleared on my formulas at open and am very very bearish on GOLD

 

/b buying GLD 136 puts at .59-.63 and shorting GLD 140 weekly calls at .85-.78 both OVERSIZED next weeks calls. Multiday negatives cleared on my formulas at open and am very very bearish on GOLD. The way I see it this spike to all time highs may just be the bearish opportunity of the year, ofcorse this is my opinion and could be very wrong. Am still holding shorts on 340 monthlies and this week will see probably 100% losses on some puts expiring tomorrow that shows bad timing but continue to push forward with bearish strategies here. Regarding AAPL continue to be very bullish am holding both 355 and 360 this week weeklies along with the 260 march that we entered into yesterday plus the short on 340 345 and 350 puts so obviously this is a accumulation of a hugely overly bullish strategy on AAPL that is finally starting to pay of the day before expiration.

Posted in General Trading